banner ad
blog post banner

Construction Barometer shows decline in optimism

The latest UK Construction Market Barometer, published in May 2018, shows that sales expectations in the construction sector over the next six months have dropped since April last year.

44% of companies are confident of a sales increase over the next six months compared to 56% in April 2017.  The housing market, both new build and repair and maintenance, is expected to be the best performing sector.  The average sales increase over the last six months (October 2017 to March 2018)  compared to a year earlier was 2.8%; a decrease from 4.3% seen in April 2017.

Marketing budgets have seen a slight increase compared to April 2017.  The average forecast increase in marketing spend for the next 12 months has increased from 0.3% in April 2017 to 1.6% in Aprl 2018.  

Mel Budd, Director of the report’s publishers, Leading Edge sAYS: “The survey shows that 42% of companies are planning an increase in their marketing budgets, with 34% looking to increase their headcount over the next year.”

Mel commented that “Brexit is continuing to cause uncertainty in the UK construction industry, with labour availabitlity, labour costs and increasing material costs due to exchange rates causing concern,” concludes Budd.

More at: http://www.lead-edge.co.uk/downloads-and-reports/construction-industry-barometer/

Related Article

Are anhydrite screeds still causing you a headache? by Instarmac’s Martin Cummins

The use of calcium sulphate screeds offers extensive benefits from both a design and application viewpoint, so they are here...

Continue Reading
Related Article

Protect and maintain the perfect finish

Rocatex Satin Finish Sealer is an easy-to-apply, low maintenance, self-shine, satin finish, film forming acrylic sealer.  It enhances colour and...

Continue Reading
Related Article

20mm tiles open up new exterior opportunities for UK ceramic tile retailers and distributors

Combining the proven technical performance of porcelain tiles, such as frost- and slip resistance with the aesthetic appeal of advanced...

Continue Reading